More regulations of the sector are called to be released on par with the sector's rapid growth, to curb bubble growth and avoid a situation like the early 2000s, when many Chinese companies claimed themselves as the world's top photovoltaic power, and some Chinese cities poured heavy investment and reveal ambitious targets to boost themselves as No 1 in the world. … [Read more...] about IoV industry needs regulation to remain healthy
NEW DELHI: Auto stocks were trading with losses at 12:30PM (IST) on Thursday. Shares of Hero MotoCorp (down 1.84 per cent), Balkrishna Industries (down 1.44 per cent), Motherson Sumi Systems (down 1.35 per cent), Eicher Motors (down 1.24 per cent) and Maruti Suzuki (down 0.96 per cent) were the top losers in the index. While Ashok Leyland (up 2.98 per cent), MRF (up 1.4 per cent), Tata Motors (up 1.19 per cent), Amara Raja Batteries (up 1.1 per cent) and Bosch (up 0.51 per cent) were among the top gainers. The Nifty Auto index was trading 0.42 per cent down at 7844.85 around 12:30PM. Benchmark NSE Nifty50 index was down 53.90 points at 11883.75, while the BSE Sensex was down 194.46 points at 40512.85. Among the 50 stocks in the Nifty index, 20 were trading in the green, while 30 were in the red. Shares of Vodafone Idea, Vedanta , Tata Motors, Ashok Leyland and SAIL were among the most traded shares on the NSE. Shares of Hathway Cable, Tata Elxsi, Ceat, JSW Steel and ACC hit their fresh … [Read more...] about Stock market update: Auto stocks slip; Hero MotoCorp sheds 2%
New Delhi: At the beginning of 2020, the domestic commercial vehicle (CV) industry was all geared up to overcome two long years of sluggish sales with the pick-up in highway and fleet orders and new product launches. Unfortunately, the Coronavirus outbreak has dissipated this optimism. Now the industry is hoping for increased sales in November-December led by the release of government contracts and catching up of mining and construction activities.Within the CV space, medium and heavy commercial vehicle segments were the most hit by the pandemic-driven lockdown as the sales declined 70%-75% in the first half of the financial year 2020-2021. However, with the gradual re-opening of the economy, the upcoming festive season, and the uptick in corporate and agricultural activities, the industry leaders are expecting some improvement in sales in the second half of the financial year.When looking at the feeble signs of recovery during the past three months, particularly in the heavy trucks … [Read more...] about Is the CV industry looking for a semi-turnaround?
“Chennai is an untapped market with great underlying potential for the flexible workspace sector. With industries opening up to the flexible/shared workspace concept, we are confident that this trend will continue to grow,” said Amit Ramani, CEO and Founder, Awfis. … [Read more...] about Chennai gets another player in the coworking space
National Bureau of Statistics data show Beijing and Shanghai have 23 public libraries each－too few to meet user demand. And Beijing with a population of more than 21.53 million has only about 16,430 reading room seats, which means about 1,310 Beijing residents "competing" for one library seat. That the public libraries are far from many neighborhoods and have restrictions such as limited opening hours and complicated registration and membership procedure was also responsible for the study lounge's rapid growth. … [Read more...] about A quiet place to enhance knowledge